A leftward shift in the LRAS curve
A) cannot occur.
B) may be caused by destruction of the capital stock by war or by natural disasters (e.g. ,earthquakes) only.
C) may be caused by natural disasters (e.g. ,earthquakes) or by depletion of natural resources only.
D) may be caused by depletion of natural resources or by destruction of the capital stock by war only.
E) may be caused by destruction of the capital stock by war,by natural disasters (e.g ,earthquakes) or by depletion of natural resources.
Correct Answer:
Verified
Q10: Q11: The LRAS curve is drawn as a Q12: The short-run aggregate supply curve is a Q13: A country's potential output depends on each Q14: The downward shift in the short-run aggregate Q16: The aggregate demand curve shows that as Q17: Because increases in the price level reduce Q18: The rightward shift in the LRAS curve Q19: The AD-AS model combines Q20: A rightward shift in the LRAS curve
A) a short-run AS
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